Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Bank Leumi Le Israel BM    LUMI   IL0006046119

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Bank Leumi le-Israel Ltd. : Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2013 | 03:25pm CET
Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion
Bank Leumi announced today the launch of 'Leumi Business Fund' totaling NIS 3 billion - with preferred terms, fast approval track and without unnecessary red tape

The fund is fully owned by Leumi, with no government guarantees. This fact enables customers

the fastest approval track that exists in the system today - within 14 days only.

The Fund is intended for business owners, who are customers of all bank: it grants loans on attractive terms, with a collateral requirement of only 25%. The loans are granted for amounts from NIS 300,000 to NIS 1 million, at an interest rate of Prime + 1.9% per year, with a repayment period of up to five years and an option to defer payments (Grace) for up to one year. The loan process is carried out through an external credit committee (the customer selects one of five companies) and is submitted to the branch for approval. The Fund is intended for small businesses, corporations and licensed dealers, with a turnover of between NIS 1 million and NIS 10 million a year, and a bank indebtedness of up to NIS 5 million. The Fund is primarily intended for businesses with at least one year of existence - but in special cases businesses in the set-up stage may also apply.

Rakefet Russak Aminoach, Leumi President  & CEO: "The launching of 'Leumi Business Fund' is in accordance with Leumi's view that SME's are the core of the economy and its key growth engine. The Fund, totaling NIS 3 billion, will allow credit to be granted on a fast track and at preferential terms. We believe that this move - in addition to its contribution to customers - will also contribute to the entire Israeli economy by encouraging growth and increasing competitiveness."

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK LEUMI LE ISRAEL BM
2016 BANK LEUMI LE ISRAEL BM : Leumi CEO Announces Changes in the Bank's Executive Ma..
2016 BANK HAPOALIM : to sell Miami portfolio to Safra Bank
2016 BANK LEUMI LE ISRAEL BM : Financial Statements Q3 2016
2016 Israel anti-trust chief warns banks on mortgage rates collusion
2016 BANK LEUMI LE ISRAEL BM : SEC Charges Bank Leumi With Conducting Unregistered U...
2016 BANK LEUMI LE ISRAEL BM : Hapoalim warns on profits due to U.S. tax probe
2016 CIO MAGAZINE : Leumi - One of the 100 Leading Organizations Worldwide in Informa..
2016 FORTUNE MAGAZINE : Rakefet Russak-Aminoach Is One of the 100 Most Powerful Women..
2016 BANK LEUMI LE ISRAEL BM : Financial Statements Q2 2016
2016BANK LEUMI LE ISRAEL BM : half-yearly earnings release
More news
Sector news : Commercial Banks
06:11aDJHONG LEONG BANK BHD : 2Q Net Rises 60%
06:08aDJHANG SENG BANK : 2016 Net Profit Down 41% at HK$16.21 Billion
02:35aDJUNITED OVERSEAS BANK : Plan to Issue S$750 Million 3.50% Notes Due 2029
02/20 Vale to scrap controlling bloc, merge shares in major governance move
02/20 FTSE steadies after setting one-month high, Unilever slumps
More sector news : Commercial Banks
News from SeekingAlpha
2015 Bank Leumi sells Mobileye shares
Advertisement
Financials ( ILS)
Sales 2016 12 734 M
EBIT 2016 3 934 M
Net income 2016 2 550 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 9,64
P/E ratio 2017 8,74
Capi. / Sales 2016 1,92x
Capi. / Sales 2017 1,86x
Capitalization 24 459 M
More Financials
Chart BANK LEUMI LE ISRAEL BM
Duration : Period :
Bank Leumi Le Israel BM Technical Analysis Chart | LUMI | IL0006046119 | 4-Traders
Full-screen chart
Technical analysis trends BANK LEUMI LE ISR...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 17,2  ILS
Spread / Average Target 7,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Rakefet Russak-Aminoach President & Chief Executive Officer
David Brodet Executive Chairman
Ronald M. Fainaro Executive Vice President & Head-Finance Division
Nurit Segal Director
Zvi Stern Independent External Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BANK LEUMI LE ISRAEL B..1.26%6 657
HSBC HOLDINGS PLC7.70%175 513
AGRICULTURAL BANK OF C..5.16%153 937
AUSTRALIA AND NEW ZEAL..1.15%69 233
JAPAN POST BANK CO LTD1.64%56 609
SHANGHAI PUDONG DEVELO..2.65%52 409
More Results